Copper hits records as AI and green demand surge - Jan 29, 2026

Prysmian Daily News Update · Jan 29, 2026 · 2m

As of January 29, the news is focused on shifts in the commodities market, renewable energy advancements, and corporate strategies from major global companies, particularly in the technology sector. Copper surged to record levels, reaching over 14,000 euros a metric ton, prompting investor interest and speculation. This increase is attributed to supply concerns and robust demand tied to the green energy transition, with many funds flocking to physical assets amidst geopolitical tensions and a weakening U.S. dollar. Among other developments, ABB reported optimistic outlooks for 2026, citing…